Bartolini, Leonardo; Symansky, Steven A.; Razin, Assaf - International Monetary Fund (IMF) - 1995
This paper studies the fiscal restructuring of the first half of the 1990s in the major industrial countries. It presents and calibrates a simple model of the labor market and integrates it into a multi-country macroeconomic model that takes into account the effects of distortionary taxes. It...